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3 Steps To Take When You Think You’ve Been The Victim Of An Online Scam

2 min read
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When you think you’ve been the victim of an online scam, it can be extremely scary and overwhelming, however, there are some simple steps that you can take to try and recover the lost money. Let’s get into it.

Call Your Bank

The very first thing you should do is contact your bank when you think you’ve been a victim of a scam. Whilst you’re on the phone to your bank, you should also freeze your bank card using your online banking app. This may prevent the payment from going through if you immediately realise that it may be a scam, or the bank may be able to stop the payment from going through. They will be able to let you know the best next steps to take. Some banks will have some responsibility to help you if you have lost money through a scam, so they will be able to start the investigation process for you. If you need a Revolut refund, they may not be responsible for helping as they’re not the same as traditional banks, however, you should still call them and see if there’s anything they can do to help.

Report The Fraud

Once you’ve spoken to the bank, you should report the fraud to Action Fraud or the relevant fraud organisation in your country. You want to do everything you can to prevent this from happening again and they may be able to provide you with further guidance on the next best steps. This is such an important step to take and although it may not result in you getting your money back, it will help to prevent the same people from committing the crime in the future, as well as similar criminals wanting to commit the crime.

Contact Investment Fraud Lawyers

Lastly, if your bank is unable to recover the money for any reason, you should contact investment fraud lawyers like WRS. They’re solicitors based in the UK who can trace funds lost through fraud all over the world, from cryptocurrency scams to investment scams. Utilising unique tracing software, the money can be found and returned to you in many cases. Get in touch with them as soon as possible after the fraud occurs as this simplifies the process, however, even if it’s happened in the last 6 years, it’s still worth getting in touch with them.

Final Thoughts

We understand that it’s easier said than done, however, you should try to think clearly and call your bank, then report the fraud, and contact investment fraud lawyers if your bank is unable to help you. This will give you the best chance of retrieving your lost funds, then make sure that you educate yourself on common signs of fraud to help prevent it from happening again. This will help to give you peace of mind and also help to protect your money moving forwards from similar or different types of scams.